Feb 16, 2021   SOURCE: BusinessWire

Worldwide Automotive Aluminium Alloy Industry to 2026 - Players Include ALERIS, Magna International & AUSTEM Among Others - ResearchAndMarkets.com

The "Global Automotive Aluminium Alloy Market By Product Form (Cast Aluminium, Rolled Aluminium and Extruded Aluminium), By Vehicle Type (Passenger Car, LCV and M&HCV), By Application, By Region, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

The global automotive aluminium alloy market is expected to register strong growth during the forecast period, owing to increasing vehicle production and technological advancements.

Automobile manufacturers are focusing on reducing vehicle weight by using aluminium in the body and various parts of vehicles. Use of aluminium lowers vehicle weight, thus improving its efficiency and stability. As a result, employment of aluminium alloy in vehicle parts such as closures, chassis and wheels is increasing.

On the basis of product form, the Global Automotive Aluminium Alloy Market has been segmented into cast aluminium, rolled aluminium and extruded aluminium. The demand for cast aluminium is increasing and the trend is likely to continue in the coming years, owing to the growing demand for lightweight components, such as engines and powertrain, which can be made with cast aluminium. Based on vehicle type, the Global Automotive Aluminium Alloy Market has been categorized into passenger car, light commercial vehicle (LCV) and medium & commercial vehicle (M&HCV) segments. The Passenger car segment accounted for the largest market share in 2020 and is anticipated to maintain its market dominance during the forecast period. Automotive aluminium alloy is used for various applications including engine components, wheels, body parts and others. The Wheel segment is expected to register growth, owing to its use in providing better acceleration and comfort. Lightweight vehicles reduce the hammering effect on the road and increase comfort.

The Global Automotive Aluminium Alloy Market is gaining traction across the globe, backed by strict government regulations aimed at curbing environmental pollution. Globally, the Asia-Pacific automotive aluminium alloy market is anticipated to account for the dominating position during forecast period, as Asian economies such as China and India are working towards achieving Euro 6 emission norms. The demand for automotive aluminium alloy is expected to increase in the Europe region due to technological advancements and increasing traction of electric vehicles.

Companies Mentioned

  • ALERIS Corporation
  • Magna International Inc.
  • AUSTEM Company Ltd.
  • Bharat Forge Limited
  • Constellium N.V.
  • Flex-N-Gate Corporation
  • Gordon Auto Body Parts Co., Ltd.
  • KIRCHHOFF Automotive GmbH
  • Nanshan Group
  • Norsk Hydro ASA
  • UACJ Corporation

Objective of the Study:

  • To analyze and forecast the Global Automotive Aluminium Alloy Market size.
  • To classify and forecast the Global Automotive Aluminium Alloy Market based on product form, vehicle type, application and regional distribution.
  • To identify drivers and challenges for the Global Automotive Aluminium Alloy Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Automotive Aluminium Alloy Market.
  • To conduct the pricing analysis for the Global Automotive Aluminium Alloy Market.
  • To identify and analyze the profile of leading players operating in the Global Automotive Aluminium Alloy Market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Automotive Aluminium Alloy Market

4. Executive Summary

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Product Pricing

5.3. Challenges and Unmet Needs

5.4. Issues Faced Post Purchase

6. Global Automotive Aluminium Alloy Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Product Form (Cast Aluminium, Rolled Aluminium and Extruded Aluminium)

6.2.2. By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV) and Medium & Heavy Commercial Vehicle (M&HCV))

6.2.3. By Application (Engine Component, Wheels, Body Parts and Others)

6.2.4. By Company

6.2.5. By Region

6.3. Market Attractiveness Index

7. Asia-Pacific Automotive Aluminium Alloy Market Outlook

7.1. Market Size & Forecast

7.2. Market Share & Forecast

7.3. Asia-Pacific: Country Analysis

8. Europe Automotive Aluminium Alloy Market Outlook

8.1. Market Size & Forecast

8.2. Market Share & Forecast

8.3. Europe: Country Analysis

9. North America Automotive Aluminium Alloy Market Outlook

9.1. Market Size & Forecast

9.2. Market Share & Forecast

9.3. North America: Country Analysis

10. Middle East & Africa Automotive Aluminium Alloy Market Outlook

10.1. Market Size & Forecast

10.2. Market Share & Forecast

10.3. MEA: Country Analysis

11. South America Automotive Aluminium Alloy Market Outlook

11.1. Market Size & Forecast

11.2. Market Share & Forecast

11.3. South America: Country Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/gtj7dk